Brief: Medipharm Labs Corp To Acquire Vivo Cannabis Inc

Medipharm Labs

22/12/2022 13:49

Dec 22 (Reuters) - Medipharm Labs Corp  LABS.TO :
    * MEDIPHARM LABS CORP. TO ACQUIRE VIVO CANNABIS INC.
    * VIVO CANNABIS INC - UPON COMPLETION OF TRANSACTION,
EXISTING
MEDIPHARM SHAREHOLDERS ARE EXPECTED TO OWN BETWEEN 65% AND 79%
OF COMBINED COMPANY
    * VIVO CANNABIS INC - UPON COMPLETION OF TRANSACTION VIVO
SHAREHOLDERS ARE EXPECTED TO OWN BETWEEN 35% AND 21% OF COMBINED
COMPANY
    * VIVO CANNABIS INC- TERMINATION FEE OF $1M PAYABLE TO
EITHER
PARTY IN CERTAIN CIRCUMSTANCES

Source text for Eikon:  ID:nCNWbWNT6a 
Further company coverage:  LABS.TO 
 ((Reuters.Briefs@thomsonreuters.com;))